Sok S., age 52, is married and has three children. She lives with her husband and her children in Phnom Penh City. To make a living, her husband works as a construction builder, earning approximately US $5 per day. This amount of income is the primary source of income of the family. Moreover, two of S.'s children are employed in a garment factory and at a construction site with an income of US $2 per day each to help the family.
The financial crisis has been difficult for business in Cambodia this past year. This factor has played into a difficult economic year for much of the country, S. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, S. is seeking to increase her income. She is asking for a loan of US $1000 to purchase a motorbike for her husband to commute to work not only in the town but also the other places in the province. By doing so, she believes that she will be able to raise a good standard of living for her family.
KREDIT Ltd. is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.
For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.